USDJPY breaks to the highest level since January 9th

Takes out the Friday high after first test stalled the rally earlier.

The USDJPY has broken the Friday high. That level was tested earlier the hour and backed off.

With the break higher, the pair has traded to a new high since January 9th.

Targets ahead include the 200 week MA at 113.21 and the 61.8% retracement of the move down from the December 2016 high at 113.29.

The high price for 2018 came in at 113.38